COMMONS ADOPTS SECURITIES TAX; Two-Shilling Impost on American Holdings Agreed To After Sharp Opposition. BECOMES EFFECTIVE JULY 1 Purpose to Compel Sale to Government Under Mobilization Plan-3-Year Exchequer Bond Issue.

LONDON, May 29. -- In the House of Commons today Reginald McKenna, Chancellor of the Exchequer, moved the resolution he gave notice of last week, the purpose of which is to compel sale to the Government under the mobilization plan of American securities hitherto withheld by their owners.View Full Article in Timesmachine »

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A version of this archives appears in print on May 30, 1916, on Page 2 of the New York edition with the headline: COMMONS ADOPTS SECURITIES TAX; Two-Shilling Impost on American Holdings Agreed To After Sharp Opposition. BECOMES EFFECTIVE JULY 1 Purpose to Compel Sale to Government Under Mobilization Plan-3-Year Exchequer Bond Issue. Order Reprints|Today's Paper|Subscribe